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Tuesday, October 17, 2017

New examination of occupational licensing contradicts decades of research

http://ift.tt/eA8V8J From doctors to engineers to carpet layers to massage therapists, more than one in three Americans is required to hold a license to work in their occupation. Broad consensus among researchers holds that licensure creates wage premiums by establishing economic monopolies, but according to research, licensure does not limit competition nor does it increase wages.

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